[Levin]

PUBLISHED FRI, FEB 17 202312:38 AM EST UPDATED 4 HOURS AGO
Jihye Lee


Singapore’s non-oil domestic exports plunged 25% year on year in January — their largest drop in 10 years.

Government data showed Singapore’s non-oil exports to its top markets led the wider decline, with exports to China falling by more than 41%, to the U.S. by 31.5% and to Hong Kong by more than 55% for the month.

The reading marks the fourth consecutive contraction and the steepest fall since February 2013, when the economy saw more than a 30% decline.



https://www.cnbc.com/2023/02/17/singapor...ecade.html